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Turkish Conglomerate Speaks to Summit Vision

Image If you had to pick a company as a metaphor for the key themes of this year’s World Economic Forum, you’d be pressed to find a better example than Turkey’s Yildiz Holding. The Istanbul conference — themed “bridging transformations,” and which opened Tuesday — is the first WEF meeting to focus specifically on the Middle East, Africa and Eurasia regions. It’s a region that Yildiz, an Istanbul-based food and beverages conglomerate that owns sweets maker Ulker and the luxury chocolate brand, Godiva, knows all to well. Propelled by a strong domestic market and rapid expansion across markets from West Africa to South Asia, the company, which posted an average of 11% revenue growth over the past two years and forecasts an expansion of 14% this year, is one of fast-growing Turkey’s corporate success stories.

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ABC Announces New Medical Documentary Series Set In New York

Image "NY Med," an eight-episode documentary series follow-up to "Boston Med" and "Hopkins," is heading to ABC this July. The new documentary series will explore the lives of doctors and patients inside of Columbia and Weill Cornell hospitals, two of New York's most prestigious hospitals.
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Eyes Everywhere 'Istanbul Passage,' A Novel by Joseph Kanon

Image By JASON GOODWIN - NYT - Joseph Kanon is a specialist in fin de guerre thrillers, whose previous novels set in 1945-46 include “Alibi,” “Los Alamos,” “The Good German” and “Stardust.” The period is well chosen: dark secrets are finally coming to the surface, and people are being called to account for what the war has made them. For readers, it’s immediately recognizable territory: the aftermath of the conflict, shabby, filmic. Now, in “Istanbul Passage,” Kanon compounds the fraught postwar mood with a location to match.
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North America-Turkey Trade Moves Scrap Below Dec 2010 Low-point

Image A Turkish mill booked a 30,000 mt mixed cargo from a North American supplier at a composite price of $403/mt CFR Izmir late Thursday, revealing the level of the global import benchmark market. The cargo includes 12,000 mt of plate and structural, 12,000 mt of shredded scrap and 6,000 mt of HMS I. Platts daily assessment has now lost $50/mt in a month, starting June at $400/mt CFR Turkish ports for premium-graded heavy melting scrap I/II (80/20 blend): a decrease of $10/mt in a day. This is the lowest point the price series has been since records began in December 2010. The reduction month-on-month matches almost to the dollar the decrease heard in the US domestic market for June.
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